A report of Rudra Investment Equity Tips Expert based on Global Financial Services Major Credit Suisse says that the Indian equity market has moved ahead of its fundamentals and investors should book the profits of increased valuation.
Increase market valuation
According to expert the valuation of Indian equity has increased due to the financial funding of savings. Apart from this, after the introduction of GST, reforms in corporate earnings outlook and Factors, such as India's relative flexibility among trade warms, are included.
Experts said in its research note that we are positive about the strengthening of corporate earnings. We believe that the overall market has gone far beyond fundamentals. Therefore, the pressure on the sale of Indian equities has come under pressure. Investors will be advised to book profits.
Sensex up 4000 points this year
Indian equity market is the only major market in which prices / earnings are shown in comparison to all other markets. So far this year, the benchmark Sensex has gained 4000 points, which is 12 per cent. At this time the index is trading around 38,000 points.
Market pressure in near term
According to the Equity Tips Expert report, high interest rates and weak macroeconomic fundamentals may be seen in the equity market in the near term before the elections. Excessive GST clauses like weak macroeconomic fundamentals, anxiety on obtaining fiscal deficit targets, a record decline in rupee and rising prices of crude.
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